Latest Articles
Internal Audit Applicability for Private Companies in India
Company Law : Private limited companies with turnover above ₹200 crore or borrowings exceeding ₹100 crore must appoint an internal auditor u...
Why Income Tax Notices Are Increasing in Property Transactions Below Circle Rate
Income Tax : AI-driven scrutiny and AIS integration are increasing Income Tax notices where property transactions occur below stamp duty value....
Gig Workers: Five-Star Service, Zero-Star Protection
Corporate Law : The article explains how gig platforms classify workers as independent partners to avoid minimum wage, social security, and dismis...
Why Congress Never Demands Accountability From Centre On Bench In Any State?
Corporate Law : The article questions why Congress has not consistently demanded accountability from the Centre regarding creation of High Court B...
Can a Homebuyer Be Taxed for Paying “On-Money” to a Builder?
Income Tax : This case highlights that cash paid to builders as “on-money” will not automatically be treated as tax evasion if it originate...
Latest News
CA Certificate Format for Non-Requirement of GST Registration for Securities Trading
Goods and Services Tax : The certificate clarifies that dealing and investment in securities are outside the scope of GST. Companies engaged solely in secu...
SEBI Proposes New IPO & Re-listed Scrip Price Discovery Rules to Prevent Artificial Price Suppression
SEBI : SEBI has proposed major reforms to the Pre-open Call Auction mechanism after concerns over artificially suppressed prices in IPO a...
PFRDA Proposes Faster NPS Grievance Resolution Timelines for Better Subscriber Protection
Corporate Law : PFRDA has proposed major reductions in grievance resolution timelines under the NPS framework. The draft aims to improve accountab...
ICSI June 2026 Exam Admit Cards Released
CA, CS, CMA : Along with releasing the E-Admit Cards, ICSI advised students to thoroughly review examination instructions and verify all persona...
Household Savings through Indian Securities Market: SEBI Study
SEBI : SEBI revised the methodology for computing household savings through the securities market by incorporating actual granular data a...
Latest Judiciary
ITAT Upholds Section 263 Revision as AO Verified Expenses Only on Random Basis
Income Tax : Pune ITAT upheld revision under Section 263 after finding that the Assessing Officer failed to fully verify expenditure claims uns...
SC Upholds District Court Jurisdiction Under Arbitration Act as Orissa HC Lacks Original Civil Jurisdiction
Corporate Law : The Orissa High Court held that dismissal of a Section 34 petition on maintainability grounds effectively amounts to refusal to se...
Rejection of Section 34 Petition on Maintainability Grounds Amounts to Refusal to Set Aside Award: Orissa HC
Corporate Law : The Orissa High Court held that dismissal of a Section 34 challenge petition on maintainability grounds effectively amounts to ref...
Cash Withdrawn Earlier Cannot Become ‘Unexplained Cash’ on Re-Deposit: ITAT Bangalore
Income Tax : The Tribunal accepted the assessee’s explanation that unspent cash withdrawn for labour and petty expenses was redeposited into ...
Excessive Pricing Claims Fail as DG Did Not Compare Charges With Similar Hospitals
Corporate Law : The CCI found that the investigation largely relied on comparisons with diagnostic labs and hotels rather than comparable super-sp...
Latest Notifications
DGFT Launches online Certificate issuance module for Agarwood
DGFT : The DGFT introduced a digital system for issuance of Certificates of Origin for Agarwood exports through the Trade Connect ePlatfo...
DGFT Allocates 8606 MTRV Raw Cane Sugar Export Quota to USA Under TRQ Scheme
DGFT : The DGFT notified allocation of 8606 MTRV raw cane sugar exports to the United States for US fiscal year 2026 under the TRQ scheme...
Anti-Dumping Duty Extended Till November 2026 Through Fresh Customs Amendment
Custom Duty : The Ministry of Finance amended the earlier customs notification to continue anti-dumping duty for an extended period. The notific...
India Imposes Anti-Dumping Duty on Monoisopropylamine Imports From China
Custom Duty : The government imposed anti-dumping duty on Monoisopropylamine imports after finding that Chinese exports were dumped below normal...
Legal Metrology Advisory Allows Existing Repairers to Continue Without Fresh Registration
Corporate Law : The Government has advised States and UTs not to impose fresh registration requirements on existing repairers merely because of re...
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FAQs
Section 56 of Companies Act, 2013 requires execution of a proper instrument of transfer for transfer of interest of a member in a company not having share capital. Instrument must be executed by or on behalf of both transferor and transferee and delivered to company
ICAI clarified that ITC wrongly reversed under Table 4(B)(1) instead of Table 4(B)(2) can still be reclaimed within statutory timelines. The FAQs explain how taxpayers can rectify such reporting errors through future GSTR-3B adjustments.
The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified which audit forms will count toward the limit and how assignments across firms, branches, and revised reports will be treated.
FAQs on SEBI – IVCA Annual Activity Report (AAR) is Prepared with reference to SEBI (Alternative Investment Funds) Regulations, 2012 and SEBI Master Circular for AIFs dated May 07, 2024. Annual Activity Report (“AAR”) introduced by SEBI in consultation with IVCA is a significant step towards standardized and granular reporting by Alternative Investment Funds (“AIFs”). The […]
The article explains that architectural, accommodation, and related immovable property services are governed by Section 12(3) of the IGST Act. It clarifies that the place of supply is linked to the property location rather than the recipient’s location.
